The HS Code 29153935: Aromatic esters of acetic acid, nesoi

When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying and identifying various products. In this article, we will delve into the details of HS Code 29153935, which refers to aromatic esters of acetic acid, nesoi.

Understanding the Product Description

The product covered under HS Code 29153935 includes aromatic esters derived from acetic acid. These esters are classified as "nesoi," which stands for "not elsewhere specified or included." This means that the specific aromatic esters falling under this code are not covered by any other HS code and require unique identification.

Import Duty Rates

For countries importing products classified under HS Code 29153935, there is a bound or most-favored-nation (MFN) duty rate of 5.5%. The MFN duty rate ensures that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This promotes fair and equal treatment in international trade.

Quantity Unit

The quantity unit for products classified under HS Code 29153935 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods.

Special Tariff Preference Programs

Several countries have special tariff preference programs for products classified under HS Code 29153935. These programs offer preferential treatment in terms of reduced or duty-free rates. Let's explore some of these programs:

Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment. This program aims to support the economic development of these countries.
Australia Special Rate: Australia has a special rate for imports falling under HS Code 29153935, providing duty-free treatment.
Bahrain Special Rate: Bahrain also offers a special rate for eligible imports, ensuring duty-free treatment.
NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), imports of aromatic esters of acetic acid, nesoi from Canada receive duty-free treatment.
Chile Special Rate: Chile provides a special rate for imports falling under this HS Code, granting duty-free treatment.
Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries under the AGOA program receive duty-free treatment.
Caribbean Basin Initiative (CBI): The CBI program grants duty-free treatment for imports from eligible Caribbean countries.
Israel Special Rate: Imports from Israel classified under HS Code 29153935 receive duty-free treatment.
Andean Trade Preference Act (ATPA): The ATPA program provides duty-free treatment for imports from eligible Andean countries.
Jordan Special Rate: Jordan offers a special rate for imports falling under this HS Code, ensuring duty-free treatment.
Agreement on Trade in Pharmaceutical Products: Imports under this agreement receive duty-free treatment.
Morocco Special Rate: Morocco provides a special rate for imports classified under HS Code 29153935, granting duty-free treatment.
NAFTA for Mexico: Similar to Canada, Mexico also enjoys duty-free treatment for imports falling under this HS Code.
Oman Special Rate: Oman offers a special rate for eligible imports, ensuring duty-free treatment.
Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from eligible countries under the DR-CAFTA program receive duty-free treatment.
Peru Special Rate: Peru provides a special rate for imports falling under this HS Code, granting duty-free treatment.
Singapore Special Rate: Singapore has a special rate of 1% for imports classified under HS Code 29153935.

Importing and Exporting US States

When it comes to importing products classified under HS Code 29153935, various states in the United States engage in trade. Similarly, these products are also exported to different states within the US. The specific states involved in importing and exporting may vary depending on market demand and supply.